PracticeConsultingInternet giant Nortel Networks hires PwC in outsourcing move

Internet giant Nortel Networks hires PwC in outsourcing move

PricewaterhouseCoopers has stepped up its outsourcing business with a deal to take over administrative support for US/Canadian internet giant Nortel Networks in Europe, writes Jerry Frank.

PwC is set to take on 165 Nortel employees, based in the south east of England and France, to administer a range of functions from payroll, human resources and workforce performance in the UK to non-production purchasing and accounts payable across Europe.

The deal follows an original five-year BPO agreement signed between PwC and Nortel in April to run management operations in the US and Canada.

Nortel, with a $21.3bn revenue last year and 70,000 employees worldwide, offers PwC a massive multimillion pound global market as demand for communications network expands.

Deloittes last week stole a march on its Big Five rivals with the announcement that it plans to float its outsourcing business CSL on the LSE’s alternative investment market.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer